#etherium

The chair of the U.S. Securities. and Exchange Commission (SEC), Gary Gensler, refused to be drawn on whether the regulator considers Ethereum to be a security—even as the SEC considers multiple applications for spot Ethereum ETFs.

Speaking on Bloomberg TV, Gensler said he would "defer on that, question," when pressed on whether the regulator viewed Ethereum as a security.

"On any one of these crypto tokens, it's about the facts and circumstances as to whether the investing public is anticipating a profit based on the efforts of others," he said. "We do have filings in front of us. I'm not going to comment."

The SEC's position on Ethereum has become a pressing one, as it deals with multiple applications for a U.S. spot Ethereum ETF. Just this week, the regulator again delayed its decision on whether to approve the iShares Ethereum Trust from investment giant BlackRock, after having delayed spot Ethereum ETF applications from Fidelity, Invesco, and Galaxy Digital